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Emeritus Prof Christopher May

Now the dust has settled on the data revisions, the euphoria of looks a little misplaced... the overall revision is upwards, but the detailed figures show:

while output has been considerably raised, manufacturing, construction, agriculture and oil & gas extraction have all declined.

So, in the earlier data, since , had increased by 11.7%, but now has dropped by 7%

& the iron & steel sector from a rise of 56% between 2019-22 to a decline of 66%!